Wu's Daily Selected Crypto News - CryptoRank: Solana leads with $1.3 billion in 2025 public chain revenue, Ethereum drops to fourth

1. CryptoRank: Solana Leads 2025 Public Chain Revenue with $1.3 Billion, Ethereum Drops to Fourth

According to CryptoRank, in 2025, Solana tops the public chain revenue chart with $1.3 billion and is the only chain to surpass $1 billion; Hyperliquid reaches $816 million, ranking second; Tron reaches $608 million; Ethereum falls to fourth with $524 million; BNB Chain reaches $257 million; edgeX reaches $169 million, among others.

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2. Vitalik Buterin Criticizes EU “Zero Space” Governance: Content Should Not Be Cleared, But Algorithmic Amplification Should Be Restricted

Vitalik Buterin pointed out that the EU Digital Services Act’s emphasis on “zero space” governance—treating certain speech or products as objects to be completely removed—is fundamentally an anti-diversity, anti-inclusion governance impulse; when it comes to subjective issues with good-faith disagreements, this approach can easily lead to technocratic rulings on the boundaries of public discourse. He emphasizes that a free society does not aim to eliminate contentious content but to prevent it from being systematically amplified and dominating public discussion through platform algorithms and incentive mechanisms.

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3. Former Russian Traffic Police Officer Sentenced to 7 Years for Stealing About 20 Million Rubles in BTC

A former traffic police officer in Ufa, Russia, was sentenced to 7 years in prison for stealing approximately 20 million rubles (equivalent to tens of thousands of dollars) in Bitcoin. The case dates back to 2022, when the officer illegally accessed the mobile phones of two detainees during an investigation, transferred BTC via encrypted wallets through messaging apps, and engaged in violent evidence collection. The court sentenced him to 7 years in a standard detention center, ordered him to pay approximately 20 million rubles in compensation to the victims, and stripped him of his police rank.

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4. Coinbase: Former Customer Service Employee Involved in May Data Breach Arrested in India

Coinbase Global Inc. CEO Brian Armstrong announced that a former outsourced customer service representative has been arrested in India for involvement in a hacking incident. Coinbase disclosed in May that hackers bribed contractors or employees outside the U.S. to access sensitive customer information and demanded $20 million in ransom. The incident is considered one of the more serious security breaches at a crypto trading platform, with the company estimating remediation costs could reach up to $400 million. A Coinbase spokesperson confirmed the arrest in India and stated that the development is related to recent cooperation with the Brooklyn District Attorney’s Office, which has filed charges against a Brooklyn man suspected of impersonating Coinbase to commit fraud.

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5. Pakistani Authorities Dismantle Transnational Fake Crypto Investment Scam Network Involving $60 Million

Pakistani authorities launched a joint raid in Karachi, dismantling a transnational fake cryptocurrency investment scam network involving approximately $60 million. The gang conducted long-term social engineering via social media and instant messaging tools, disguising themselves as traders or “insiders,” luring victims into fake crypto and forex trading platforms, and gradually deceiving them into investing funds with promises of high returns. When victims invested nearly $5,000, scammers demanded additional payments under the guise of taxes, withdrawal fees, or account verification fees, then froze accounts and cut off contact.

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